GYF

Notification

Change of Cryptocurrency Deposit Address

Thank you for always using and supporting BTCBOX We carried out a cryptocurrency wallet update to strengthen our security on November 21th. Due to the wallet update, the user’s cryptocurrency d...
Blog

​What Is Happening To My Money in The Banks : Interview with Lyn Alden ①

Historically, there has been currency devaluation where governments have printed a massive amount of money, or they have a prolonged period of interest rates being below the inflation rate. So, they slowly chip away your wealth over time. In those periods, those scarcer assets tend to do very well. Thus, whether it is gold, silver, equities. real estate or in this case Bitcoin, I think going back to the history of fiat devaluation and why they tend to happen, why they don’t happen in some periods but do in other time frames is important.
Blog

What is Supporting WBTC : Interview with Kiarash Mosayeri Product Manager at BitGo

WBTC is a product of BitGo, one of the oldest players in the industry. Kiarash Mosayeri, Product Manager at BitGo, explains what the WBTC product is all about, and how it is connected to other E...
Notification

Our Company’s Policy on the Forking of BitcoinCash (BCH)

Thank you for always supporting and using BTCBOX The BitcoinCash (BCH) that we are handling on our platform went through a hard fork on its blockchain on November 15th 2020, and has split into the...
Blog

Wall Street Veteran on Crypto Street : Interview with Max Keiser ①

I started on Wall Street in the 1980s as a stockbroker. I was in Los Angeles in the 1990s, and I invented a technology for digital scarcity as part of a currency that I invented for an exchange I launched. The exchange was for trading mediate derivatives that I also invented as part of what became known as the prediction market industry. So, I did all that in the 1990s. Then, we sold out to a bank in 2001, and later I started Bitcoin in 2011 at a dollar, and we have been talking about it now for almost 11 years. I saw it as a more perfect technological solution for digital scarcity.
Blog

Norwegian Crypto Community : Interview with Torbjorn Bull Jenssen ①

Back in 2011, Strule Sunde, who is like a legend in the crypto community in Norway, started to sell bitcoin through local bitcoins and his homepage and communicated with the buyers through IRC chats. IRC's are the old chatting apps, and he has been serving Norway with bitcoin liquidity, exchanging between Norwegian Krone and BTC ever since. He has been in a big court case, suing Nordea, which is the biggest bank in Norden, for shutting down his account only because he was dealing with bitcoin. So, he was helping a lot of people get on board with it. Many people that were tech-enthusiasts also started to mine as soon as they read about it on e.g. Reddit. Many of them tested out some mining strategies using a GPU, or just an ordinary CPU on their computers.
Notification

Notification about Deposit/Withdrawal Suspension and Change of Address

Thank you for always supporting and using BTCBOX On November 21st 2020, we will carry out a cryptocurrency wallet update with the aim of strengthening our security even more. Accordingly,  we will...
Blog

What Bitcoin Did : Interview with Peter McCormack ①

I stumbled upon Bitcoin 6 years ago. I had heard about it, and even bought and sold a little bit, but I didn’t really understand it. At that time, I used to work in the advertising industry in London. I decided to take a year off because I needed some time for myself. I had spent my whole life working, and needed a break. That was 3 years ago, and during that time how I fell into the rabbit hole and got serious about it. Besides being a podcaster today, I have a very ordinary life as a single dad with two kids, and most of my time is spent looking after them. I do school-runs, get their lunch ready, iron their school clothes, and so on. We are big Liverpool fans, so the three of us usually watch football together. I also like horrible heavy metal, like the worst screaming kind that nobody likes.
Blog

Scope of Russian Crypto Community : Interview with Anatoly Kaplan CEO of Forklog ①

The first thing you need to understand about the Russian crypto community is that it is not only Russia. When we refer to the Russian crypto community, we are talking about Russia, Ukraine, Belarus, which are the main countries, as well as other Russian speaking regions like Kyrgyzstan and Kazakhstan, Azerbaijan, Estonia, Georgia, Latvia, Lithuania, Moldova, Tajikistan, Turkmenistan, and Uzbekistan. These countries have a lot of historical connections. Sometimes, a reference to “Similarity” may harm or trigger some people due to political reasons. So, the Russian crypto community includes the countries that in any way are affected or involved with Russian culture.
Blog

Birth of the Avalanche Protocol : Interview with Emin Gün Sirer Co-founder and CEO at Ava Labs

It all started from this paper that we received from a team known as Team Rocket, who had been working on novel consensus protocol.My students and I were already exploring lighter weight protocols than Nakamoto and Classical consensus to find unique approaches nobody had explored before, but that could still provide the same guarantees as Bitcoin. We reviewed the paper draft from Team Rocket, and quickly realized that we were on to a big breakthrough.Avalanche didn’t rely on proof-of-work or mining, but used probabilistic consensus based on sub-sampling. It could be secure and predictable like Bitcoin, but didn’t suffer the centralization or performance trade-off inherent in Classical consensus approaches.
Blog

Cantillon Effect is Why Bitcoin is Working : Interview with Demelza Hays ①

The number one reason why I am a Bitcoin fan is because of the Cantillon effect. Richard Cantillon was an Irish-French economist in the 18th century writing in the 1750s. He described what is now described as the Cantillon effect; when you print money, you debase the purchasing power of the units that are currently existing. Hence, if a person is saving up rupees or dollars, and she is putting it under her mattress every day, there will not be much value. As long as the central bank in Mumbai is printing, her hard-earned savings are being depreciated, whether she wants that or not. What the Cantillon effect discusses is that, if all the money in the economy was equally debased at the same time, that might be fairer, and this is the number one reason to use bitcoin.
Notification

【Annual Event】 Crypto in One Word Award 2020 : We are looking for Your “One Word” of the year for the Crypto Space

There is just a little time left for this year to come to an end. What kind of a year do you think 2020 was? If you had to express the Crypto Space 2020 in one word, what word would you choose? Tweet the One Word you choose on Twitter. An award will be given to those participating. Let’s look back on 2020 together with BTCBOX.
Blog

The Start of my Hong Kong Journey : Interview with Leo Weese ①

I took over the Bitcoin Association meet-up in 2012. During the 2013 bubble period, the community grew rapidly due to the price explosion. Bitcoin transformed into this being on a world stage for the first time, and that was quite a ride. The community and the Hong Kong ecosystem transformed massively due to this growing new industry. If we just take a minute and rewind 2012~13, we can see how it has developed till today.
Blog

2020 Giveaway Scams : The 2nd Interview with Frank from Whale Alert ①

There are a couple of companies that made claims on how much Bitcoiners use coins in scams and illegal activities. We wanted to check those claims and tried to verify that information, but we were not happy with the sources that were available on scam addresses and websites. There are a couple of them, but they do not do much besides collecting reports from people or copy and repost articles from other sources. It is very fragmented, and thus we could not trust the reports. Also, nobody was checking or confirming these reports and information on those articles. There was no additional analysis being done on any of those reports either. That is how we decided to do a better job and created our homepage, https://scam-alert.io/.
Blog

【Japan’s Tax System Series Vol.2】Timing and Calculation of profit and Loss of Crypto Assets : CryptoLinC Tax Accountant Yagihashi

Sale of Crypto Assets. 1BTC purchased for 500,000 Yen and sold for 1 million Yen = 500,00Yen profit. Purchasing Goods with Crypto Assets. 1BTC purchased at a rate of 1BTC=500,000 Yen, and buying a TV for 1 million Yen when the rate 1BTC is 1 million Yen, means a profit of 500,000 Yen has been generated. Exchanges between Crypto Assets. Purchasing 1 BTC for 500,000Yen, and exchange it for 50ETH when the rate of 1ETH is 20,000Yen (In total 1 million Yen) = 500,000 Yen profit generated. Crypto Assets Split (Forking). The purchasing cost of the newly acquired crypto asset shall be 0 Yen at the time of purchase. Profit generation will incur at the time of sale or use. Crypto Asset Mining etc., Earnings will be generated at the market value at the time of acquisition of crypto assets acquired through mining, and this amount shall be the cost of acquisition. In case you sold the acquired crypto assets through mining afterwards, profit or loss will be generated by the balance of price of the crypto assets value at time of sale and the cost of acquisition when the sale is made.
Blog

【Japan’s Tax System Series Vol.1】What is the tax classification of crypto assets? : CryptoLinC Tax Accountant Yagihashi

In Japan, the concept of doing a final tax return on crypto asset investments made by private people was officially announced by the National Tax Agency of Japan in December 2017,declaring “How to calculate income on Crypto Assets” as well as another announcement in November 2018 called “Tax handling of Crypto Assets” guidelines. Moreover, handling of cryptocurrencies was clearly stated in the tax system revision of 2019. Crypto Assets have a property value that can be used for purchases, etc., converted to legal tender, traded with an unspecified number of people, and that can be recorded and transferred by electronic means.
Blog

Come Play with BTC at MintGox : Interview with Jack Everitt,Christian Moss,Desiree Dickerson ②

MintGox is a gaming platform and new style of esports tournament created by Simon Cowell, CEO, and Co-Founder of ZEBEDEE; game developer Jack Everitt, CEO of THNDR GAMES; Christian Moss, Co-founder of ZEBEDEE; André Neves, CTO and Co-Founder of Zebedee; and, Desiree Dickerson, VP Business Operations at Lightning Labs. MintGox, a play-off of “Magic Internet Gathering”, is a socio-economic movement for experimenting with the future of virtual interactions and digital currency. In its current iteration, MintGox hosts monthly events that showcase games built on bitcoin and the Lightning Network. The event typically features one main esports tournament with multiple rounds of gameplay, and then several “side events” that showcase games built on bitcoin.
Blog

Even if the Creator Would Come Back : Interview with Tadge Dryja from MIT DCI ③

As much as I want to know, no one knows about Satoshi Nakamoto or how he was able to disappear so well. Developers don’t look into it or care about who he is or where he is. It's really easy to prove who he is if he wanted to do that, and he can do it with just a couple of messages online, but he is not and is also gone now. At this point, it’s been so long so even if he would come back again and claim that Bitcoin is his invention, make it official by signs some papers, no one will listen to him or follow him. If he would say “let’s change Bitcoin this way”, everyone will say “no”. It's like the Lightning Network I wrote and development together with Joseph Poon, and now no one listens to me. Even if I suggest something to be done in a certain way, there are so many others who are working on it now, and much more than me that it doesn't matter who invented it or developed it in the beginning. The same goes for Satoshi and Bitcoin.
Blog

Most Memorable Years : Interview with Tone Vays ③

Almost every year has its moment. The most memorable in the crypto space for everyone has to be 2017 because of the huge price appreciation in Bitcoin. Although, 2013 was the year that I finally got into Bitcoin, so for me personally it was 2013. There were 2 bubbles during that year. The first was when Bitcoin when from 10 dollars up to 250, and I finally started taking it seriously at the end of the 250 dollar bubble. at the end of the same year, it went up to 1300 which is when the Mt.Gox collapsed. Also, crowd software was shut down that year as well, and even the Cyprus event which made me get into Bitcoin happened that year. 2013 was the year of the first Bitcoin halving to place, and there was an incident that caused a little bit of a fork in Bitcoin which was actually the last incident when Bitcoin was down for a few minutes. There were so many things that happened in 2013 that were very critical.
Blog

Bitcoin Gaming world in MintGox : Interview with Jack Everitt,Christian Moss,Desiree Dickerson ①

MintGox is a gaming platform and new style of esports tournament created by Simon Cowell, CEO, and Co-Founder of ZEBEDEE; game developer Jack Everitt, CEO of THNDR GAMES; Christian Moss, Co-founder of ZEBEDEE; André Neves, CTO and Co-Founder of Zebedee; and, Desiree Dickerson, VP Business Operations at Lightning Labs. MintGox, a play-off of “Magic Internet Gathering”, is a socio-economic movement for experimenting with the future of virtual interactions and digital currency. In its current iteration, MintGox hosts monthly events that showcase games built on bitcoin and the Lightning Network. The event typically features one main esports tournament with multiple rounds of gameplay, and then several “side events” that showcase games built on bitcoin.